Alkhaldi announced he is leaving Tickmill after a decade at the firm as Regional Manager. He is the second exec to leave the broker in the last two months.

The funded trader firm has big growth plans and is in the process of setting up a CFD brokerage business. FTMO also seems to have operations in Cyprus.

Notional trading volume at Capital.com also rose to $725bn in H1, with the broker increasing its tech and engineering headcount across the EU and UK.

Sebbata was the CEO of BUX UK previously and was instrumental in the APM Capital acquisition of the stockbroker's UK entity, which he will now oversee.

Taurex is the latest broker to launch a prop firm, with providers including IC Markets, Axi, and OANDA already offering a funded trader product.